Entegris, Inc. (NASDAQ:ENTG) Stock Has Average Price Target of $187.17 According to Analysts

Shares of Entegris, Inc. (NASDAQ:ENTG) have earned an average rating of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $187.17.

Several research firms recently issued reports on ENTG. Zacks Research upgraded Entegris from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays upped their target price on Entegris from $212.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Truist Financial upped their price target on shares of Entegris from $190.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. UBS Group raised their price objective on shares of Entegris from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Finally, Stifel Nicolaus began coverage on Entegris in a research report on Wednesday, October 7th. They set a “buy” rating and a $200.00 price target on the stock.

Insiders Place Their Bets

In related news, SVP Susan G. Rice sold 2,062 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $149.52, for a total transaction of $308,310.24. Following the sale, the senior vice president owned 66,976 shares in the company, valued at approximately $10,014,251.52. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Colella sold 3,916 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.48, for a total value of $644,103.68. Following the completion of the sale, the senior vice president directly owned 50,297 shares in the company, valued at $8,272,850.56. This trade represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,978 shares of company stock valued at $1,273,734 in the last ninety days. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fulcrum Asset Management LLP bought a new position in Entegris in the 3rd quarter valued at about $25,000. Ancora Advisors LLC acquired a new position in shares of Entegris in the second quarter worth $31,000. Transamerica Financial Advisors LLC acquired a new position in Entegris in the 2nd quarter valued at $32,000. Boit C F David bought a new position in shares of Entegris in the third quarter worth $32,000. Finally, Millstone Evans Group LLC raised its holdings in Entegris by 191.3% in the 1st quarter. Millstone Evans Group LLC now owns 268 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 176 shares in the last quarter.

Entegris Price Performance

Shares of ENTG stock opened at $127.98 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.75. Entegris has a 12 month low of $67.97 and a 12 month high of $186.94. The company has a market capitalization of $19.56 billion, a P/E ratio of 49.99, a P/E/G ratio of 1.21 and a beta of 1.39. The stock has a 50 day moving average of $146.15 and a two-hundred day moving average of $138.59.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. Entegris had a return on equity of 13.86% and a net margin of 11.14%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $925.35 million. During the same period in the previous year, the firm posted $0.72 EPS. The business’s revenue was up 24.6% on a year-over-year basis. As a group, equities analysts expect that Entegris will post 4.38 EPS for the current year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, October 28th. Entegris’s dividend payout ratio (DPR) is presently 15.62%.

Entegris Company Profile

Entegris, Inc is a materials science and process technology company that supplies products and solutions used in the manufacture of semiconductors and other advanced technology products. Its offerings help chipmakers manage contamination, handle sensitive materials, and improve process control across the semiconductor production cycle.

The company’s products include specialty chemicals and gases, filtration and purification systems, wafer and substrate handling products, fluid-management components, and advanced materials used in semiconductor fabrication.